Country Manual Private Banking
Ukraine
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
Ukraine has generally adopted a number of restrictions in response to the invasion of Ukraine by the Russian Federation (“martial law limitations”) which are of a capital-control nature. They have been dynamic in nature and may be expected to continue to change in the future. Accordingly, they should be checked carefully each time a particular operation is intended to be carried out. The more salient restrictions with implications on currency control (of relevance for cross-border purposes) are described in the manual. In particular, such martial law limitations concern (but are not limited to) cross-border payments.
Non-material changes
Some comments and content have been slightly reworded (without introducing material changes), and additional references to applicable law/regulation have been made in order to provide more clarity and to reflect the regulatory situation/current interpretation of the regulatory framework more accurately. Further non-material changes have been made throughout the documents.
BT Short Comparison
This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “UKRAINE” in the Target Country Field.
The BT Short Comparison should be read as follows:
The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in color). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.
For more information, please contact us: info@brpsa.com
Geneva, June 26th, 2025